Hydroponics Market Overview

Hydroponics market is expected to grow at a CAGR of 16.9% from 2017 to 2025. A sub-segment of hydro-culture, hydroponics is a method to grow plants using mineral nutrient solutions, in water, without soil. It uses two main mediums to grow cropssolution culture and solid medium culture. This method of farming is a niche segment that gains popularity in urban, customized agriculture setup. It is termed as one of the fastest-growing soil-less farming practice at a global level, wherein, a tailored nutrient solution is used for plant growth with a superior quality and sustainable manner.

Based on equipment, the market is divided into HVAC, LED grow light, communication technology, irrigation systems, material handling, control systems, and others. Based on type, it is classified into aggregate hydroponic systems which sub divided into closed and open systems, liquid hydroponic systems which is sub divided into nutrient film technique, floating hydroponics, and aeroponic. Based on crop type, it is categorized into tomato, lettuce & leafy greens, cucumber, pepper, strawberry, and others. Geographically, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.